Meanwhile, volatility is simply nowhere to be found in the markets right now. The CBOE Volatility Index (VIX) – typically called the markets' fear gauge – fell 4.8% to less than 11.6. The ongoing lack of volatility is a challenging environment for many traders – mainly because they are following the wrong strategy. That's why Options Trading Specialist Tom Gentile offers investors insight on what they might be doing wrong even though the markets are back near record highs.

Let's look at the final numbers on Thursday for the Dow, S&P 500, and Nasdaq:

Dow Jones: 18,597.70; 23.76; 0.13%

S&P 500: 2,187.02; 4.80; 0.22%

Nasdaq: 5,240.15; 11.49; 0.22%

Here's a look at today's most important market events and stocks, plus a preview of tomorrow's economic calendar.

Traders continue to follow the Federal Reserve like a dog with its tongue hanging out. Though the central bank has teased another interest rate hike since December 2015, the headlines continue to buzz about the next rate hike's timing. Though the U.S. economy has seen improving labor conditions (or has it?), many economists are concerned that inflation levels remain too low. One thing is certain: The low-interest rate environment continues to punish anyone with a savings account in a bank. Here's Money Morning Capital Wave Strategist Shah Gilani on how the Fed's policies are crushing the economy and hurting your retirement plans.

Crude oil prices were rising again today as speculation grows that global producers could agree to freeze production. The West Texas Intermediate (WTI) crude oil price today was up nearly 3%, while the Brent crude oil price added 1.8%.

Any agreement between OPEC and other producers would help support prices and reduce the ongoing financial burden that cheap crude is having on producers around the globe. Oil prices were back at a seven-month high. Despite the optimism, Money MorningGlobal Energy Strategist Dr. Kent Moors believes the September OPEC meeting will also end without a change in output. Here's what you need to know about OPEC, the production freeze, and the real country that will have most impact on crude prices in the second half of 2016.

In other commodity news, silver prices added more than 0.5% today as traders speculate that the Fed isn't poised to raise rates in the near term. With the dollar sliding against international currencies, the silver price ticked higher. The metal has fallen more than 3% in August, but our latest silver price prediction shows a climb before 2017. You can check it out, right here.

Now, let's look at the stocks you need to know about today…

Top Stock Market News Today, Aug. 18, 2016

Shares of Twitter Inc. (NYSE: TWTR) were off more than 5.5% after the micro-blogging giant received a downgrade from research firm Evercore. The analysts issued a "Sell" rating due to rising competitive concerns. Evercore cited Snapchat's recent shift toward monetizing its own service. The news comes on the same day that the company suspended more than 235,000 accounts. The firm says that these accounts have been promoting radical extremism around the globe. TWTR stock has long been a short target of Money Morning Chief Investment Strategist Keith Fitz-Gerald. And while many Wall Street traders are speculating that TWTR is a ripe takeover target, Keith advises that investors proceed with caution on such speculation. Here's his latest TWTR insight.

Shares of Cisco Systems Inc. (Nasdaq: CSCO) fell more than 1.4% in pre-market hours after the company reported earnings after the bell on Wednesday. Though the company topped earnings and revenue expectations, the markets are reacting negatively to a large round of layoffs at the tech firm. Cisco announced plans to slash around 5,500 positions in the company, a figure that represents about 7% of its employees.

Shares of Valeant Pharmaceuticals International Inc. (NYSE: VRX) were off more than 3.1% after the company announced that it will be working with its lenders to revise its debt terms. The company has been rallying in recent weeks and even received a stock upgrade from investment firm Morgan Stanley. But Money Morning Global Credit Strategist Michael Lewitt says that the company's debt problems are much worse than Wall Street would have you believe. Be sure to read Michael's warning before you consider any move on VRX stock. Read it, right here.

Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.